A *very* good read.
http://www.fec.gov/pdf/eleccoll.pdf
JB
Noteworthy from the article:
1. "It is still true, however, that voters are actually casting their votes for the Electors for the presidential and vice presidential candidates of their choice rather than for the candidates themselves.
2. "... the Congress enacted in 1887 legislation that delegated to each State the final authority to determine the legality of its choice of Electors and required a concurent majoirty of both houses of Congress to reject any electoral vote.
3. "A third way of electing a minority president (*read -- one without the majority [50% or more] popular vote), is if a third party or candidate, however small, drew enough votes from the top two that no one received over 50% of the national popular total. Far from being unusual, this sort of thing has, in fact, happened 15 times including (in this century) Wilson in both 1912 and 1916, Truman in 1948, Kennedy in 1960, Nixon in 1968, and Clinton in both 1992 and 1996. The only remarkable thing about those outcomes is that few people noticed and even fewer cared.
4. ... the distribution of Electoral votes in the College tends to over-represent people in rural States. ... the combined voting age popultion (3,119,000) of the ... seven least populous jurisdictions .... carried the same voting strength in the Electoral College (21) as the 9,614,000 persons of voting age in the State of Florida. Each Floridian's potential vote, then, carried about one third the weight of a potential vote in the other [jurisdictions].
5. By thus failing to accurately reflect the national popular will, the argument goes, the Electoral College reinforces a two-party system, discourages third-party or independent candidates and thereby tends to restrict choices available to the electorate.